IC Markets cashback

IC Markets cashback

Industry-leading IC Markets rebates! Get cashback on a portion of the transaction cost at the most trustworthy provider today.

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IC Markets cashback

Notes

Cashback is not paid for accounts registered with CySEC, Bahamas SCB and ASIC entities.

What is IC Markets cashback?

IC Markets cashback is a portion of the transaction cost that is returned to the client on each trade, leading to a lower spread and an improved win ratio. For example, if your cashback is 1 pip and the spread is 3 pips, your net spread would be only 2 pips.

Many traders initially suspect that there must be higher costs elsewhere to compensate for the cashback. However, this is not the case: Forex cashback genuinely reduces the transaction costs and enhances their overall profitability.

How does IC Markets cashback work?

When you link a new or existing forex trading account to our service, the broker compensates us by sharing a portion of their spread or commission profit from each trade you make. This arrangement serves as a referral fee for bringing them a customer. In turn, we pass on the majority of this revenue to you by providing a cashback rebate for each trade you execute, as a token of appreciation for choosing to sign up through us.

One key advantage of our service is that, unlike some competitors, your spreads will never increase as a result of using our platform. The only difference is that as our client, you earn additional cash per trade, making trading with us more profitable than directly opening an account with the broker. The FXStreet Trader Cashback program collaborates with Cashback Forex, the original and leading provider of forex cashback, paying cashback to over 100,000 accounts and providing comprehensive 24-hour support via live chat, telephone, and email, which our traders greatly appreciate.

How much IC Markets cashback can I earn?

Use our forex cashback calculator to estimate your IC Markets rebate earnings:

Is IC Markets cashback a scam? Do my spreads increase?

IC Markets cashback provided by a legitimate cashback provider is not a scam. However, it is important to be aware that scams do exist. A common scam involves cashback providers that increase the spread or commission in order to offer higher cashback rates than their competitors.

Some brokers allow referring parties (cashback providers) to mark up costs for the traders they refer. This practice undermines the purpose of the cashback service and can damage the provider's reputation and business viability, so reputable providers avoid such practices. Additionally, some cashback providers may fail to pay on time or not at all, which is why it is crucial to select a reliable provider.

When partnering with a trustworthy cashback provider, there are no hidden drawbacks. It is generally more advantageous for a trader's financial position to work with a cashback provider than to trade directly with the forex broker alone.

Are there any other benefits to signing up for IC Markets cashback?

The services provided can vary depending on the cashback provider. Due to our unique partnerships with numerous brokers, the FXStreet Trader Cashback program can act as an intermediary between brokers and clients to help successfully resolve client issues, including difficulties with withdrawals. Brokers are often prompt in responding to us, as we typically manage a large number of clients with them. Our knowledgeable support team is available 24 hours a day in 8 native languages and 23 total languages, ready to assist with any inquiries. Additionally, we offer a range of trading tools, calculators, reviews, and a comprehensive forex education section.

How is IC Markets forex cashback paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here is what we offer.

IC Markets forex cashback options include:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader's brokerage account, typically between 1-7 days after the trade is closed. This is another exciting option offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

FAQs

Cashback is typically calculated as a percentage of the commissions you pay to your broker. The exact percentage may vary based on the broker and your trading volume. You can find a cashback calculator on every broker detail page.

All traders are eligible for this program. You only need a trading account with one of the participating brokers. Whether you’re a scalper or into carry-trade, a seasoned trader or just starting out, this service will allow you to save in broker commissions and maximize your potential returns.

A variety of popular brokers participate in the cashback program. You can pick the one that suits you best from more than 50 options, including Forex and CFD brokers. Find the complete list on our website.

There are no fees for the trader to participate.

The way FXStreet Trader Cashback works is: The broker pays a referral fee to the cashback provider for referring each trader. The cashback provider then shares most of this referral fee with the trader in the form of a rebate or cashback. This is how the trader earns money for using the broker's services. The cashback provider keeps a commission from the referral fee paid by the broker as their revenue for operating the program.

Importantly, the trading conditions for the trader, such as spreads and commissions, remain unaffected. The cashback is an additional benefit on top of the standard trading terms. So, in summary, this type of cashback or rebate program is free to use for the trader.

No, never. We make sure the trading conditions for the trader are not changed. Spreads and commissions remain unaffected. The cashback is a net gain for the traders joining the program.

Cashback is credited to your account on a monthly basis. Payments are automatically sent by the 12th day of each month for trades where cashback has been earned between the first and last day of the previous month. You can then withdraw it or use it to enhance your trading capital.

If you have any other questions, our customer support team is available to assist you.

If you have any other questions, our customer support team is available to assist you.

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